A Los Angeles-based real estate investment and brokerage
firm has acquired the 11-story apartment building at 1510 Chestnut St. from
Philadelphia's Pearl Properties.
Blatteis and Schnur closed in October on the 34-unit
building, which has a ground-floor Foot Locker store, managing director Sam
Brownell said Monday. The company also owns 1519 and 1521 Walnut St.
Brownell declined to disclose his company's purchase
price for the Chestnut Street building. A record of the transaction filed with
the city assigns it a fair market value of $8.34 million.
Source: Philly.com
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